(1) There is established a body corporate called Sustainability Victoria.
(2) Sustainability Victoria—
(a) has perpetual succession;
(b) is capable of acquiring, holding and disposing of property;
(c) may sue and be sued in its corporate name;
(d) has a common seal;
(e) subject to this Act, may do and suffer all acts and things that a body corporate may by law do and suffer.
(3) The common seal of Sustainability Victoria can only be used in a way approved by Sustainability Victoria.
(4) All courts and people acting judicially must take judicial notice of the common seal of Sustainability Victoria.